LIC e-services: How LIC Online Registration Works?

Checking your LIC life insurance policy status regularly is as important as investing in the policy itself. It is because you may miss out on your regular premium payments, including its grace period that can create many unnecessary hassles. To ensure timely premium payments, you must regularly check your LIC policy status and stay informed about upcoming due dates.

Wondering how can you keep a track of your LIC policy status without running from pillar to post?

Thanks to LIC’s online portal, which makes checking the policy status an easy victory. You can even pay the premiums online. To avail of the LIC online login facility, you need to register on the company’s website.

Here, we will discuss the step-by-step procedure of LIC online registration. Before we jump into action, let’s understand why is LIC online registration important and how to register for it?

Who Can Register Online for LIC e-Services?

All existing LIC policyholders in India can register online to avail of the LIC e-Services.  There are no charges for using LIC e-services. Anyone can register in LIC e-Services for policies purchased in his/her name or minor children via LIC online registration. 

You must note that LIC does not allow policyholders to add the name of a spouse to be registered together. If you wish to register your spouse, you need to register them separately.

Benefits of LIC e-Service Portal

LIC e-services are the most convenient and hassle-free process of policy registration. It provides insurance seekers with an instant service on-demand in just a few clicks. Under LIC e-services the insured person can take advantage of different functionality online that were previously available only at the branch offices. 

Here we have discussed some of the benefits offered by the LIC e-Service Portal.

• By registering on the e-service portal, the applicant can easily know the status of their issued policy.

• The insured can keep a proper and continuous track of upcoming premium dues.

• The policyholder can make the premium payment online in a simple and hassle-free way.

• Moreover, after paying the premium the insurance holder can also download the receipt of premium payment for the declaration of investment for the income tax.

• To keep a track of your policy, you can check the policy status online by logging in to the e-Service portal.

• LIC e-service has an additional feature wherein the policyholder can add a new policy to the existing customer portal account.

• One of the major benefits availed under this portal is that the insured will not have any time lag from the payment date to receive the receipt.

• LIC e-service saves time and money. In addition, it also offers information privacy as the data is not shared between Life Insurance Corporation (LIC) and banks. The banks and LIC only share the amount to be paid and transported.

• Last but not least, the insured person can save all the unwanted expenses as this service can be availed free of cost.

How Does LIC Online Registration Work?

It is easy to register online at LIC’s official website to avail of LIC e-Services. With a little knowledge of the internet and mobile phones, you can register online within a few minutes and clicks. 

Check out this step-by-step guide for LIC online registration.

Step 1: Visit LIC’s official website. Once on the website, click on the LIC e-Services tab.

Step 2: Click on ‘New User’.

Step 3: Fill in your Policy Number, Premium Amount, Date of Birth, and other information to complete the registration process. Once done, click on proceed.

Step 4: Create ‘Username’ and ‘Password’ of your choice to complete the LIC online registration process.

That’s it! You have successfully registered on the LIC website. You can now proceed with online premium payments, check policy status, check loan status and do multiple other activities and transactions related to your LIC policies.

Why Register Online at LIC’s Website for e-Services?

LIC online registration is available to all LIC policyholders. Customers can access multiple services and their resolutions through the LIC e-Services portal, which is available for all registered users.  

Here is a list of benefits available to those registering online at the LIC website.

• Online premium payments

• Policy status details

• loan status details

• Claim status details

• Adding nominees

• Benefit illustrations details for LIC life insurance products

• Registration of complaints related to your policy

• Policy conditions details

Registration Process Based on the Motive of Registration

The process of LIC online registration can vary depending on your motive for registration. You can register with LIC either as an existing policyholder or an agent for which processes vary a little.

1. Registering as an Agent

   To serve as an agent of LIC you’ll require the agent code. To avail of this code, you will have to appear and clear a LIC exam. The exam will be conducted by the regulatory author or IRDA.

   In addition, you also need to fill the agent registration form online. Your basic information will be required including education qualifications.

2. Registering as an Existing Policyholder

   The only criteria for registering with LIC is that the person should be an existing customer. It also requires the person to have an account, which means you cannot register on behalf of your spouse or combine the policy. Each account has its policyholder and will register only one person.

   For minor accounts, the parents can register until the minors become adults. To avail of the services, go to the registered customer option online to opt for your required facility.

3. For new users

   If you are registering for the first time, follow the below steps of registration:

   • Go to the official website of LIC and navigate through the tag ‘New User’.

   • Fill up the necessary information online and create a user ID and password.

   • By completing these formalities, you can register for LIC e-services with no time.

   • To further gain the services from LIC, visit the official website with your user ID and password.

How to Utilise LIC’s e-Services?

Once you are done with LIC online registration process, click on the e-services option to avail the online services. 

Login to the website by using your user name and password. You must fill an online form to avail the service you require. The filled-in form needs to be printed and duly signed. 

The scanned image of the same is to be uploaded on the official website of LIC, including the scanned copies of your ID proof such as Adhaar Card/Passport/PAN Card. 

Once you are done with the entire process, an acknowledgement will be sent to you for the provider as an SMS or email.

Wrapping it Up!

There you have it - everything you need to know about LIC online registration process. If you have not done it already, it is time for you to register online on the official website of LIC. You can easily check your policy status online and make premium payments to avoid any penalties and hassles.